[  House.  1 

HOUSE  OF  REPRESENTATIVES,   February   24,    lb63.— Or- 
dered to  be  printed, 

[By  Mr.  Conrau.j 


l^ESOLUTIOI^N^S. 

1  Resolved  by  the   Congress  of  the   Confederate  States  of  Armrica, 

2  1.   That  it  is  expedient  to   reduce   the   rate   of  interest  on  any 

3  bonds  that  may  hereafter  be  issued  by  this  Government  to  six  per 

4  cent,  per  annum. 

1  2.   To  endeavor,   as  far  as  practicable,  to  reduce  the  ruts  of 

2  interest  on  bonds  heretofore   issued,  by  giving   in  exchange  for 

3  them,  with  the  consent  of  the  holders,  bonds  bearing  interest  at 

4  the  above  rate,  the  payment  whereof  shall  be  guarantied  by  the 

5  State  Governments  in  such  proportions  as  may  be  deemed  e.qui- 

6  table,  and  to  adopt  measures  for  obtaining  such  guaranty. 

1  3.  To  provide  that  a   certain   amount  of  the   Treasury  notes 

2  hereafter  to  be  issued,  shall  not  only  be  receivable  in  payment  of 

3  public  duties,  but  shall  also  be  a  legal  tender  of  payment  of  all 

4  debts  due  by  persons  residing  within  the  Confederate  States  to 

5  persons  residing  therein  or  which  are  payable  therein,  with   a 


I 
i 

6  pledge  on  the  part  of  the  Government  that  the  amount  of  such 

7  notes   in   circulation   shall   never,  at   anj  one   time,  exceed   the 

8  amount  originally  fixed  by  laNv,  and  that  they  shall  continue  to 
•9  be  a  legal  tender  until  paid.  These  legal  tender  notes  not  to  be 
10  fundable  in  bonda.                                                          •  . 

1  4.  Resolved,  That  the  Committee  on  Ways  and  Means  be  in- 

2  structed  to  report  bills  to  carry  into  effect  the  foregoing  resolu- 

3  tioni*. 


/ 


Hollinger  Corp. 
pH8.5 


